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> Degenerate gamblers Well, they apparently do move markets. Whether that's good or bad remains to be seen and there's no telling what sort of action the SEC w

> Degenerate gamblers Well, they apparently do move markets. Whether that's good or bad remains to be seen and there's no telling what sort of action the SEC will take to curtail this. IMO all it will take is one bad day to have something happen. But wsb does understand one thing: the barriers to entry are artificially there - it doesn't take a quant with an MIT education to make and lose money.

roenxi 6y ago
> Well, they apparently do move markets. Seems unlikely. More likely that wsb is a sampling of common knowledge among people who invest in markets, and markets also move based on common knowledge. What is the evidence for this?
- Bedon292 6y ago
  The movement of stocks they are talking about, like GME recently, defy traditional analysis. There is no reason for GME to be where it is, in a traditional analysis sense, other than WSB talking about them. At some point they move the needle just enough for the algorithmic trading, and FOMO of others to take over. But it still started there. Although now there is probably some level of watching WSB to see what their next move is and just trying to ride that wave.
  - roenxi 6y ago
    > There is no reason for GME to be where it is, in a traditional analysis sense, other than WSB talking about them. It isn't possible to assert that there is no other reason. The world is very large, there are a lot of people in it and strange things happen. Us not being able to think of a reason apart from WSB is different from WSB being a cause of something.
    - Bedon292 6y ago
      That is why I said 'in a traditional analysis sense.' It defies all traditional stock / economic analysis. There is nothing significantly better about Game Stop's actual business today compared to say Sept 1st. Sep 1: $7.65 Nov 2: $10.75 Jan 4: $17.25 (125% Gain here already) Jan 25: Intraday high: $159.18 (More than 20x Sep 1), Close $76.79 (Right about 10x Sep 1) There is nothing in any form of business analysis that justifies that. The best explanation that exists is WSB. Its not just WSB doing the trades, they just are a spark that ignites the fire. After that people (and algorithms) are trying to ride a wave of momentum.
      - roenxi 6y ago
        > There is nothing in any form of business analysis that justifies that. You haven't consulted all the business analysts in the world before saying that though. There might be something. I get that you're convinced - but you aren't presenting an actual line of thinking that links the two things. You've just noticed that WSB is talking about something and the thing goes up - this is the famous correlation and causation problem.
      - berrynice 6y ago
        What's different about Game Stop today is that a bunch of new investors noticed it

roenxi 6y ago

> Well, they apparently do move markets. Seems unlikely. More likely that wsb is a sampling of common knowledge among people who invest in markets, and markets also move based on common knowledge. What is the evidence for this?

Bedon292 6y ago
The movement of stocks they are talking about, like GME recently, defy traditional analysis. There is no reason for GME to be where it is, in a traditional analysis sense, other than WSB talking about them. At some point they move the needle just enough for the algorithmic trading, and FOMO of others to take over. But it still started there. Although now there is probably some level of watching WSB to see what their next move is and just trying to ride that wave.
- roenxi 6y ago
  > There is no reason for GME to be where it is, in a traditional analysis sense, other than WSB talking about them. It isn't possible to assert that there is no other reason. The world is very large, there are a lot of people in it and strange things happen. Us not being able to think of a reason apart from WSB is different from WSB being a cause of something.
  - Bedon292 6y ago
    That is why I said 'in a traditional analysis sense.' It defies all traditional stock / economic analysis. There is nothing significantly better about Game Stop's actual business today compared to say Sept 1st. Sep 1: $7.65 Nov 2: $10.75 Jan 4: $17.25 (125% Gain here already) Jan 25: Intraday high: $159.18 (More than 20x Sep 1), Close $76.79 (Right about 10x Sep 1) There is nothing in any form of business analysis that justifies that. The best explanation that exists is WSB. Its not just WSB doing the trades, they just are a spark that ignites the fire. After that people (and algorithms) are trying to ride a wave of momentum.
    - roenxi 6y ago
      > There is nothing in any form of business analysis that justifies that. You haven't consulted all the business analysts in the world before saying that though. There might be something. I get that you're convinced - but you aren't presenting an actual line of thinking that links the two things. You've just noticed that WSB is talking about something and the thing goes up - this is the famous correlation and causation problem.
    - berrynice 6y ago
      What's different about Game Stop today is that a bunch of new investors noticed it